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Servo Motors and Drives Market Worth 15.92 Billion USD by 2022


News provided by

MarketsandMarkets

12 Oct, 2016, 15:30 GMT

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PUNE, India, October 12, 2016 /PRNewswire/ --

The report "Servo Motors and Drives Market by Offering (Motor & Drive Component, Software & Service), Type (AC/DC, Linear Servo Motor, Adjustable Speed Drives), Voltage Range, MoC, Communication Protocol, Industry, and Geography - Global Forecast to 2022", published by MarketsandMarkets, the market is expected to grow from USD 10.26 Billion in 2015 to USD 15.92 Billion by 2022, at a CAGR of 6.25% between 2016 and 2022.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 68 market data Tables and 82 Figures spread through 190 Pages and in-depth TOC on "Servo Motors and Drives Market"

http://www.marketsandmarkets.com/Market-Reports/servo-motors-and-drives-market-1127.html
Early buyers will receive 10% customization on this report.

The advancement and rapid growth in automation and adoption of energy-efficient international standards are some of the significant growth drivers for the servo motors and drives market.

AC servo motors to lead the servo motors market 

The AC servo motors is expected to hold the largest share in the servo motors and drives market between 2016 and 2022. The high capability and dynamic functionality of AC servo motors is the major reason behind its increasing use in various industries such as automotive, and food processing, packaging, among others.

Packaging industry for the servo motors and drives market to grow at the highest rate during the forecast period 

The packaging industry uses automation for a wide range of operations. The various application of servo motors and drives in the packaging industry includes electric injection molding machine, hybrid injection molding machines (plastic injection molding machines, CNC machines), and others. The reason for the increasing adoption of servo motors and drives in the packaging industry is the growing need and use of automated, accurate, and faster machines.

APAC held the largest share of the servo motors and drives market in 2015 

The APAC held the largest share of the Servo Motors and Drives Market in 2015. The reason for this growth is increasing industrial activity along with the demand for faster and accurate motors and drives to achieve a higher production output. The increasing demand for energy efficient production processes coupled with the need of software systems is fostering the growth of the servo motors and drives market. The high growth observed in machine tool production and other sectors related to the production of smart phones and automobiles, which includes electronics assembly, semiconductor machinery, and customized robots for different applications are some of the reasons for the growth of the servo motors and drives market in the APAC region.

Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1127

Some of the major players in the servo motors and drives market are Yaskawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), Schneider Electric (France), Rockwell Automation Inc. (U.S.), ABB ltd. (U.S.), KINCO Automation Pvt. Ltd (China), Delta Electronics, Inc. (Taiwan), Emerson Electric Co. (U.S.), FANUC Corporation (Japan), Kollmorgen Corporation (U.S.), Bosch Rexroth AG (Germany) and Adtech (SHENZHEN) Technology Co. Ltd. (Japan) among others.

Browse Related Reports 

Motion Control Market by Component (Motors, Electric Drives, Motion Controllers, and AC motors), Technology (GMC and CNC), Application (Metal & Machinery, Semiconductors & Electronics, and Food & Beverage), and Geography - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/motion-control-market-98406125.html

Industrial Control and Factory Automation Market by Technology (SCADA, PAC & RTU, DCS, Safety, MES & MOM, PLM), Component (Industrial Robots, Machine Vision, Control Valves, Enclosures, Cables), Industry (Process, and Discrete) - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/factory-industrial-automation-sme-smb-market-541.html

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel : 1-888-600-6441
Email: sales@marketsandmarkets.com


Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
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